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Rancho Bernardo
Office
16890 Bernardo Center Dr.
San Diego
,
CA
92128
Phone:
858-487-2002
Fax:
858-675-9690
Cell: 858-472-5080
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TAXES
State Income Tax
California imposes a graduated income tax similar to the Federal Income Tax in structure. Returns are to be filed each year by April 15th.
Retail Sales Tax
7.75% of tangible personal property. Retail sales tax varies by county, dependent on voter-approved taxes for special funding projects. Groceries, prescribed medicine, newspapers, periodicals, and public utilities are not subject to sales tax.
CALIFORNIA PROPERTY TAXES
Year 1
Approximately 1.25% of the value (purchase price) of the property, plus any voter-approved bonded indebtedness of the community.
Thereafter
1% of the combined value (purchase price) of the property, plus 2% appreciation per year, plus any voter-approved bonded indebtedness of the community.
Exceptions
The Homeowner's Exemption will be a deduction of $7000 from the sum of the original purchase price and any accrued appreciation. This net figure will be multiplied by 1%. This exemption applies only to owner-occupied property. Any improvements to the property are taken in to account to increase the taxable value of the property.
The above state tax rate does not include local, city taxes, special assessments, etc.
Tax Year
July 1 through June 30
Taxes are paid in two equal installments. On Nov ember 1, the first installment is due and becomes delinquent if not paid by December 10, at which time a penalty of 10% is added to the bill. The second installment of the real property tax is due on February 1 and becomes delinquent if not paid by April 10. If the second installment becomes delinquent, a 10% penalty is added as well as a $10.00 handling cost.
Homeowner's Exemption
To qualify for the Homeowner's exemption, the property must be owner-occupied on March 1. Once you have purchased a home, you are automatically sent a card for application. The card must be completed and returned between March 1 and April 15. Applications submitted after April 15 but before the end of the year will qualify for only 80% of the exemption. If you have not received your Homeowner's Exemption card by the first week of March, you should contact your local County Tax Assessor. The only time you should have to refile is if there is some change in title. Again, a card should be sent to you automatically, but if you do not receive it, you should call the County Tax Assessor.
Mello-Roos Tax
In some cities, a special tax is assessed to fund parks, street lights, and other amenities.
SAN DIEGO COUNTY ASSESSOR'S OFFICE
General Information
619-236-3771
Real Estate Tax
619-236-2424
Personal Property Tax
619-531-5810
Exemptions
760-944-3701
Inheritance & Gift tax — California State Controller, Sacramento
916-445-6321
Residency
There is no formalized residency procedure, only physical presence, in California with the intent of making it your home.Colleges, universities, and other institutions have their own residency requirements and procedures.
California State Franchise Tax Board
5353 Mission Center Road
San Diego 800-852-5711
Office of Internal Revenue Service Tax
information and assistance
800-829-1040
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